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Teamsters laud Senate passage of COVID-19 stimulus package, securing pensions for workers, retirees
(Source: International Brotherhood of Teamsters press release, March 6, 2021) WASHINGTON, D.C. — The Teamsters are elated over the Senate’s approval of a $1.9 trillion COVID-19 stimulus measure containing a provision bolstering financially-troubled multiemployer pension plans that would ensure the retirements of more than 1 million American retirees and workers are protected. The vote marks the…
Read MoreBNSF worker killed after two freight trains “converge” at La Mirada rail yard in California
(Source: KTLA, March 4, 2021) BUENA PARK, Calif. — A BNSF Railway worker died after being crushed between two trains that converged Wednesday morning near the La Mirada-Buena Park border. Arriving firefighters found that the victim, a Burlington Northern Santa Fe Railway employee, had been between two trains that were converging and was crushed. Full…
Read MoreFRA issues face-mask mandate
(Source: Progressive Railroading 03/01/2021) The Federal Railroad Administration (FRA) late last week issued an emergency order that requires the wearing of face masks during all freight- and passenger-rail operations under the FRA’s jurisdiction. The order was issued to require compliance under President Biden’s recent executive order and that of the Centers for Disease Control and Prevention (CDC), which called for masks to…
Read MoreWarren Buffett again encourages investors to bet on America
(Source: Associated Press, February 27, 2021) OMAHA, Neb. — Billionaire Warren Buffett encouraged investors to maintain their faith in America’s economy and the businesses his Berkshire Hathaway conglomerate owns in a reassuring letter to his shareholders Saturday. Berkshire said its fourth-quarter profits grew 23% to $35.8 billion, or $23,015 per Class A share, even though…
Read MoreTeamsters pleased by House approval of stimulus bill containing pension reforms
(Source: International Brotherhood of Teamsters press release, February 27, 2021) WASHINGTON, D.C. — The Teamsters are applauding the House’s passage of a $1.9 trillion COVID-19 stimulus bill today that includes language granting relief to hundreds of endangered multiemployer pension plans that would protect the hard-earned retirements of more than 1 million American retirees and workers. Under…
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